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Baker-Hughes Rig Count  
Released On 11/9/2018 1:00:00 PM For wk11/9, 2018
PriorActual
N. Amer. Rig Count1265 1277 
U.S.1067 1081 
Gulf of Mexico18 21 
Canada198 196 

Highlights
The Baker Hughes North American rig count is up 12 rigs in the November 9 week to 1,277. The U.S. rig count is up 14 rigs to 1,081 and is up 174 rigs from last year at this time. The Canadian count is down 2 rigs from last week to 196 and compared to last year is down 7 rigs.

For the U.S. count, rigs classified as drilling for oil are up 12 at 886 while gas rigs are up 2 at 195. For the Canadian count, oil rigs are down 4 at 117 but gas rigs are up 2 at 79.

Definition
The Baker Hughes North American rig count tracks weekly changes in the number of active operating oil & gas rigs. Used for drilling wellbores for wells that may eventually produce oil or gas, active rigs are essential for the exploration and development of oil and gas fields. Rigs that are not active are not counted. Components in the data are the United States and Canada with a separate count for the Gulf of Mexico (which is a subset of the U.S. total). The count includes only rigs that are significant users of oilfield services and supplies.  Why Investors Care
 

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